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S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Sell every Stock except ONE (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
Invest in Smart Home Tech with Superior Patents (Ad)pixel
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
Invest in Smart Home Tech with Superior Patents (Ad)pixel
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Sell every Stock except ONE (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
Invest in Smart Home Tech with Superior Patents (Ad)pixel
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
Invest in Smart Home Tech with Superior Patents (Ad)pixel
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Sell every Stock except ONE (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
Invest in Smart Home Tech with Superior Patents (Ad)pixel
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
Invest in Smart Home Tech with Superior Patents (Ad)pixel
NASDAQ:PLUG

Plug Power - PLUG Stock Forecast, Price & News

$29.19
-0.77 (-2.57%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
$28.58
$30.25
50-Day Range
$14.20
$29.96
52-Week Range
$12.70
$46.50
Volume
21.85 million shs
Average Volume
25.55 million shs
Market Capitalization
$16.89 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$33.25

Plug Power MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.61 Rating Score
Upside/​Downside
14.5% Upside
$33.41 Price Target
Short Interest
Bearish
13.72% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.13
Upright™ Environmental Score
News Sentiment
0.20mentions of Plug Power in the last 14 days
Based on 62 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.93) to ($0.45) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.05 out of 5 stars

Industrial Products Sector

116th out of 189 stocks

Electrical Industrial Apparatus Industry

4th out of 10 stocks

PLUG stock logo

About Plug Power (NASDAQ:PLUG) Stock

Plug Power Inc. delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for supply chain and logistics applications, on-road electric vehicles, stationary power market, and others in North America and internationally. It engages in building an end-to-end green hydrogen ecosystem, including green hydrogen production, storage and delivery, and energy generation through mobile or stationary applications. The company provides proton exchange membrane (PEM), fuel cell and fuel processing technologies, and fuel cell/battery hybrid technologies, as well as related hydrogen and green hydrogen generation, storage, and dispensing infrastructure. The company offers GenDrive, a hydrogen-fueled PEM fuel cell system that provides power to material handling electric vehicles; GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing Internet of Things-based maintenance and on-site service program for GenDrive fuel cell systems, GenSure fuel cell systems, GenFuel hydrogen storage and dispensing products, and ProGen fuel cell engines; and GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors. It also provides GenKey, an integrated turn-key solution for transitioning to fuel cell power; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; and GenFuel Electrolyzers that are hydrogen generators optimized for clean hydrogen production. The company sells its products through a direct product sales force, original equipment manufacturers, and dealer networks. It has strategic agreements with Airbus; Lhyfe; Edison Motors; Phillips 66; Apex Clean Energy; BAE Systems; and Universal Hydrogen Co. The company was founded in 1997 and is headquartered in Latham, New York.

Plug Power Stock Down 2.6 %

NASDAQ:PLUG opened at $29.19 on Wednesday. The company has a market cap of $16.89 billion, a PE ratio of -26.78 and a beta of 1.78. Plug Power has a twelve month low of $12.70 and a twelve month high of $46.50. The company has a current ratio of 9.10, a quick ratio of 8.10 and a debt-to-equity ratio of 0.12. The company's 50 day moving average is $19.39 and its two-hundred day moving average is $21.46.

Plug Power (NASDAQ:PLUG - Get Rating) last posted its earnings results on Tuesday, August 9th. The electronics maker reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.10). The firm had revenue of $151.30 million during the quarter, compared to analyst estimates of $162.31 million. Plug Power had a negative net margin of 105.26% and a negative return on equity of 13.73%. The business's revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.18) earnings per share. Analysts anticipate that Plug Power will post -0.93 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on PLUG shares. Morgan Stanley decreased their target price on Plug Power from $43.00 to $42.00 and set an "overweight" rating on the stock in a research report on Thursday, July 21st. Truist Financial raised their target price on Plug Power from $21.00 to $32.00 and gave the company a "hold" rating in a research note on Thursday, August 11th. Piper Sandler lifted their target price on shares of Plug Power from $18.00 to $19.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 19th. Cowen lowered their target price on shares of Plug Power to $35.00 in a report on Monday. Finally, Wells Fargo & Company boosted their target price on shares of Plug Power from $19.00 to $29.00 and gave the company an "equal weight" rating in a report on Friday, August 12th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $33.61.

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PLUG Stock News Headlines

Here’s How the Inflation Reduction Act Energizes Power Stock
Hydrogen fuel cell technology provider Plug Power (NASDAQ: PLUG) stock has gotten a shot in the arm with the passing of the Inflation Reduction Act of 2022.
Five (5) Stocks Under $50 With Double-Digit Upside  (PLUG)
It’s easy to say “value is where you find it” with an account worth 6 figures. A single purchase of Chipotle Mexican Grill (NASDAQ: CMG) won’t tilt the meter in regard to account diversification and risk
It Might Be Time To Plug Into Plug Power, Inc 
The price action in Plug Power, Inc (NASDAQ: PLUG) has been as volatile as any stock in our coverage over the last year and, like some others, appears to be at or near its bottom. The price action is down nearly 80% since hitting its peak and, coincidentally, trading at levels the institutions once thought attractive.
Plug Power (NASDAQ:PLUG) Price Target Cut to $35.00
Plug Power (NASDAQ:PLUG) Price Target Raised to $29.00
Plug Power (NASDAQ:PLUG) PT Raised to $35.00 at Susquehanna
Why Plug Power Stock Jumped 19% Today
See More Headlines
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PLUG Company Calendar

Last Earnings
8/09/2022
Today
8/16/2022
Next Earnings (Estimated)
11/08/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Electrical industrial apparatus
Sub-Industry
N/A
Current Symbol
NASDAQ:PLUG
Employees
2,449
Year Founded
1997

Price Target and Rating

Average Stock Price Forecast
$33.41
High Stock Price Forecast
$50.00
Low Stock Price Forecast
$19.00
Forecasted Upside/Downside
+13.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.61
Research Coverage
18 Analysts

Profitability

Net Income
$-459,960,000.00
Net Margins
-105.26%
Pretax Margin
-107.97%

Debt

Sales & Book Value

Annual Sales
$502.34 million
Book Value
$7.50 per share

Miscellaneous

Free Float
574,645,000
Market Cap
$16.89 billion
Optionable
Optionable
Beta
1.78

Social Links















PLUG Stock - Frequently Asked Questions

Should I buy or sell Plug Power stock right now?

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Plug Power in the last year. There are currently 7 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PLUG shares.
View PLUG analyst ratings
or view top-rated stocks.

What is Plug Power's stock price forecast for 2022?

18 brokerages have issued 12-month target prices for Plug Power's shares. Their PLUG share price forecasts range from $19.00 to $50.00. On average, they expect the company's stock price to reach $33.41 in the next year. This suggests a possible upside of 14.5% from the stock's current price.
View analysts price targets for PLUG
or view top-rated stocks among Wall Street analysts.

How have PLUG shares performed in 2022?

Plug Power's stock was trading at $28.23 at the beginning of the year. Since then, PLUG stock has increased by 3.4% and is now trading at $29.19.
View the best growth stocks for 2022 here
.

When is Plug Power's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our PLUG earnings forecast
.

How were Plug Power's earnings last quarter?

Plug Power Inc. (NASDAQ:PLUG) announced its quarterly earnings data on Tuesday, August, 9th. The electronics maker reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.20) by $0.10. The electronics maker had revenue of $151.30 million for the quarter, compared to analyst estimates of $162.31 million. Plug Power had a negative trailing twelve-month return on equity of 13.73% and a negative net margin of 105.26%. The company's quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.18) earnings per share.

What guidance has Plug Power issued on next quarter's earnings?

Plug Power updated its FY 2022 earnings guidance on Tuesday, August, 16th. The company provided EPS guidance of for the period. The company issued revenue guidance of $900.00 million-$925.00 million, compared to the consensus revenue estimate of $908.73 million.

What is Andy Marsh's approval rating as Plug Power's CEO?

27 employees have rated Plug Power Chief Executive Officer Andy Marsh on Glassdoor.com. Andy Marsh has an approval rating of 52% among the company's employees. This puts Andy Marsh in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Plug Power own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Plug Power investors own include FuelCell Energy (FCEL), Advanced Micro Devices (AMD), Tesla (TSLA), NIO (NIO), NVIDIA (NVDA), Ballard Power Systems (BLDP), Micron Technology (MU), Block (SQ) and Nokia Oyj (NOK).

What is Plug Power's stock symbol?

Plug Power trades on the NASDAQ under the ticker symbol "PLUG."

Who are Plug Power's major shareholders?

Plug Power's stock is owned by many different institutional and retail investors. Top institutional investors include Allianz Asset Management GmbH (3.71%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (2.32%), State Street Corp (2.28%), Citadel Advisors LLC (0.00%), Northern Trust Corp (0.56%) and UBS Asset Management Americas Inc. (0.54%). Insiders that own company stock include Andrew Marsh, Fivet Capital Holding Ag, George C Mcnamee, Gerard L Conway Jr, Gregory Kenausis, Jonathan M Silver, Keith Schmid, Lucas P Schneider, Martin Daniel Hull, Maureen O Helmer, Paul B Middleton and Sanjay K Shrestha.
View institutional ownership trends
.

How do I buy shares of Plug Power?

Shares of PLUG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Plug Power's stock price today?

One share of PLUG stock can currently be purchased for approximately $29.19.

How much money does Plug Power make?

Plug Power (NASDAQ:PLUG) has a market capitalization of $16.89 billion and generates $502.34 million in revenue each year. The electronics maker earns $-459,960,000.00 in net income (profit) each year or ($1.09) on an earnings per share basis.

How many employees does Plug Power have?

The company employs 2,449 workers across the globe.

When was Plug Power founded?

Plug Power was founded in 1997.

How can I contact Plug Power?

Plug Power's mailing address is 968 ALBANY-SHAKER ROAD, LATHAM NY, 12110. The official website for the company is www.plugpower.com. The electronics maker can be reached via phone at (518) 782-7700, via email at investors@plugpower.com, or via fax at 518-782-9060.

This page (NASDAQ:PLUG) was last updated on 8/17/2022 by MarketBeat.com Staff

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